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FIDES (VIETNAM) Market Statistics 15/05 – 19/05/2023

FIDES (VIETNAM) Market Statistics 15/05 – 19/05/2023

Market Summary
ChangeTrading VolumeTrading ValueForeign net buy/sell
(%)Average daily trading volume (mil.shares)Average daily trading value (mil.USD)Net trading value (mil.USD)
HSX1.69%736.64534.4733.15
VN301.43%175.27190.56(2.41)
HNX3.67%110.6267.201.97
Upcom2.93%59.5627.70(1.89)

Source: Fiinpro

Sector Performance (HOSE + HNX, %)

Source: Fiinpro

Foreign Top buy/sell (HOSE + HNX, mil.USD)

Source: Fiinpro

News

Economy- Society

Vietnam Trade Balance in first half of May 2023

  • In the first half of May, total exports of $11.45 bn (-11.2% yoy) and imports of $12.44 bn (-24.4% yoy) resulted in a trade deficit of $0.99 bn.
  • Accumulated from the beginning of the year: exports of $118.58 bn (-12.8% yoy) and imports of $112.01 bn (-18% yoy) resulted in a trade surplus of $6.57 bn. (Source: Custom)

VAT reduction

  • The government has proposed a 2% cut to value added tax (VAT) rates on goods and services from Jul 2023 to Dec 2023. Specifically, financial services, telecommunications – information and technology, real estate trading and metals are excluded from the list of items subjecting to the tax cut incentives.

Company- Sectors

Utilities

  • The National Power Development Plan has been approved:
  • According to the PDP 8, the strongest growth in capacity of wind power from 630 MW (2020) to 27,880 MW (2030) and 136,065 (2050).
  • The top 2 position in terms of growth is LNG power which increases from 0 MW (2020) to 22,400 MW (2030). Gas power plants that use domestic gas sources 9,070 MW (2020) to 14,930 MW (2030) which major supplying sources will be Block B and Blue Whale.
  • Coal power will not be developed from 2030 onwards.
  • During the period 2021-2030 Total capex for both power plants and transmission system will be 134.7 bn $ (source 119.8 bn $ and transmission 15 bn $)
  • EVN approved the temporary COD price for 02 renewable energy projects, namely Nam Binh 1 Wind Power and Vien An wind power. Currently, 31 out of 85 solar and wind power plants are dealing with EVN on the purchase of electricity, 16 of which suggested applying the temporary COD price and 6 of them have come up with an agreement on the temporary COD price with EVN.

Fertilizer sector

  • EVN (Vietnam Electricity Group) is proposing to PVN (Petrovietnam) for shutting down DPM and DCM factories to preserve material (coal, oil and gas) for electricity production until the end of May 2023

CTR (Viettel Construction Joint Stock Corporation)

  • 4M2023: revenue of $139.4 mn (+21% yoy, completed 32% target year 2023) and PBT of $7.96 mn (+22% yoy, completed 31% target year 2023).
  • Revenue growth was led by robust results of construction ($37.86 mn, +35.1% yoy, accounting for 27% revenue), telecom infrastructure operation ($80.63 mn, +17.7% yoy, accounting for 59% revenue), telecom infrastructure leasing ($5.6 mn, +48% yoy, accounting for 4% revenue). Revenue from the integrated solutions segment decreased by 5% (accounting for 8% revenue).
  • CTR owns 4,489 tower stations and the tenancy rate remains at 1.03 at the end of Apr 2023. (Source: CTR)

FPT (FPT Corporation)

  • 4M2023: revenue of $670.2 mn (+21.2% yoy) and PBT of $122.6 mn (+19.1% yoy), of which:
  • Technology segment: revenue of $389.8 mn (+23.1% yoy) and PBT of $52 (+18.8% yoy). Of which: Global IT services contributed $311.28 mn revenues (+32% yoy) and $51.2 mn PBT (+31.6% yoy) thanks to the strong demand in the Japan market (+36.4% yoy) and APAC (+64% yoy). Signed revenue (new order volume) of the Global IT Services segment reached $526 (+37.1% yoy).
  • Telecom segment: revenue of $215.3 mn (+8.8% yoy) and PBT of $41.9 mn (+5.3% yoy).
  • The education & other segments remained robust, with revenue growth of 70% yoy and PBT growth of 48.5% yoy. (Source: FPT)

BWE (Binh Duong Water Environment JSC)

  • 4M2023: revenue of $46.04 mn (-10% yoy) and PAT of $9.62 mn (-15% yoy). Water sales volume reached 59.5 million cbm (+2.3% yoy).

TDM (Thu Dau Mot Water Joint Stock Company)

  • 4M2023: revenue of $6.13 mn (-2% yoy) and PAT of $6.25 mn (+2.4x yoy) due to the dividend income received from BWE in Q1/2023.

VPB (Vietnam Prosperity Joint Stock Commercial Bank)

  • VPB received 10% deposit from SMBC ($153.2 mn) in Apr 2023.
  • Deputy General Manager shared that VPB is working on the deal’s legal, which will last for 2-3 months. It’s expected that VPB will receive the remaining 90% in early Aug 2023.

VIC (Vingroup Joint Stock Company)

  • VinFast (VIC’s subsidiary) and Black Spade Acquisition Co announced a business merger agreement. After the transaction, VinFast has a valuation of more than $23 bn and continues its plan to list on the US stock exchange.

PVS (PetroVietnam Technical Services Corporation)

  • PVS has signed a contract with Orsted (Denmark) to manufacture and supply of foundations for Greater Changhua (Taiwan) Offshore Windfarm project. The estimated contract value is around $320 mn with tenure of one and half year. (Source: PVS)

PET (Petrovietnam General Services JSC Corporation)

  • PET’s joint venture PSL – Orion Group signed a contract to provide project management support services for the Block B Project. Total value of the contract is $50 mn for the whole lifetime of the project. (Source: PET)

FLC (FLC Group JSC)

  • FLC approved the transfer of all FLC’s share in Bamboo Airways to Mr. Le Thai Sam.
  • Post-transaction, Mr. Sam will own 633.2 million Bamboo Airways shares (34% OS). Along with the number of shares from debt swap, Mr. Le Thai Sam’s ownership at Bamboo Airways will reach 53.59%. (Source: FLC)

HBC (Hoa Binh Construction Group Joint Stock Company)

  • HoSE announced to move HBC from supervisory status to restricted trading status from 23 May 2023 due to 45 days late in submitting audited financial statements 2022.
  • Accordingly, HBC shares are only available to trade via order matching and put through in the afternoon session from 23 May 2023. (Source: HSX)

PDR (Phat Dat Real Estate Development JSC)

  • PDR wants to issue 201.5 million shares for existing and strategic investors, increasing their charter capital from $286.4 mn to $371.5 mn.
  • Bui Quang Anh Vu (CEO) registered to sell 18.76 million PDR shares (2.79% OS) via order matching or put through from 22 May to 20 Jun 2023, decreasing his ownership from 3.16% to 0.37% (2,463,920 shares). (Source: HSX).

GEX (GELEX Group JSC)

  • GEX Investment One Member Ltd registered to sell all 33,272,800 million GEX shares (3.91% OS) via put-through/order matching from 17 May to 15 Jun 2023. (Source: HSX).

NLG (Nam Long Investment Corporation)

  • Mr. Nguyen Xuan Quang (Chairman) registered to sell 2 million NLG shares via order matching/put through from 19 May to 17 Jun 2023, decreasing his ownership from 12.09% to 11.57% (44,452,851 shares). (Source: HSX).